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Sep 6, 2012
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sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one, mario draghi talked about how they are going to be more transparent this time around, and yes, while markets had a good sense of who was involved the last time, maybe this is just a formality but it does mean it will be right up there in black-and-white print are, for everybody asking what funds and what they are getting. second, there's questions whether spain andilitily will be involved in a program like that and with all the uncertainty in the run-up to that, a sequence of steps means they first have to ask for assistance, and it's something that they have been increasingly reluctant to do. >> barry, let me ask you, what does this mean for u.s. investors? mario draghi said what they unveiled today is a fully effective backstop removing the tail risk of europe. is he correct? >> for a time perhaps. i would view it thenence of the ltros where the program has its limitations
sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one, mario draghi talked about how they are going to be more transparent this time around, and yes, while markets had a good sense of who was involved the last time, maybe this is just a formality but it does mean it will be right up there in black-and-white print are, for everybody...
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Sep 13, 2012
09/12
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first want to ask you about this report that's going around the trading desk this morning, that an imf official says greece may need a third bailoout. are you seeing impactses on parkt? >> i think it will have a negative impact on the euro, but ahead of the fed decision, traders are going to be a little reluctant to do anything ahead of the actual fed decision. >> citi is recommending selling euro u.s. dollar on h decision. is that where you fall? is. >> i think bernanke has lowered the bar for quantitative easing this time around. but in the interim, the market has seen a rally in risk asset across the board, so now, we're leaning toward the reality that the market could be disappointed if we don't get everything they see. i like selling the euro around 130 with a target toward 125. >> 130 is quite a high level. what do you think makes the euro go to that level? that's a level we haven't seen in more than five months. >> i think in the near term, the market is positioned to go lower. shorts have been taken out of the market. positive news out of germany with the court decision has pro
first want to ask you about this report that's going around the trading desk this morning, that an imf official says greece may need a third bailoout. are you seeing impactses on parkt? >> i think it will have a negative impact on the euro, but ahead of the fed decision, traders are going to be a little reluctant to do anything ahead of the actual fed decision. >> citi is recommending selling euro u.s. dollar on h decision. is that where you fall? is. >> i think bernanke has...
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Sep 24, 2012
09/12
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there are some hopes that the imf is not going to do the greek review until after the election which may have come from the request at this side of the pond. we can't prove that. and then we -- >> with the german election looming, it's more likely. >> either way they decided that greece remains too big of a problem to solve and rumors that we might see as early as this thursday. those are the hopes and to get some movement in europe to the plus side, the earnings seem to be. >> what is the stronger emotion? buying to show that you owned part of the rally or being able to sleep in the fourth quarter? >> well, i think cashin capital management, my concern is that there is no risk built into this market we have china and japan having ships go nose to nose and it was a world cup match and iran, the iotola has recalled all of the special forces out there and head of the revolution guard said a battle with israel is inevitable. none of that is in the market. i would have preferred to have seen a better market. >> because it's a liquidity driven fed-inspired, don't worry about it, i'm inocu
there are some hopes that the imf is not going to do the greek review until after the election which may have come from the request at this side of the pond. we can't prove that. and then we -- >> with the german election looming, it's more likely. >> either way they decided that greece remains too big of a problem to solve and rumors that we might see as early as this thursday. those are the hopes and to get some movement in europe to the plus side, the earnings seem to be....
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Sep 11, 2012
09/12
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. >> let's not forget we had rto not too long ago and now the bond buying and we have the imf involved and esm. i take the greatest heart from the fact that there is tremendous desire to keep euro-zone together. >> i can't see how they can retain staff here in new york, those they're not already laying off. we have people from deutsche banc coming in here and they're so pessimistic because the stock price is down, because of the scandals. and now they say they won't raise cash and capital, they're going to cut bonuses further. deutsche bank is not going to retain their staff here on wall street. >> is there demand out there to actually hire, retain -- >> they can do something else. >> well, yeah. there's a broad swath of people that make a decent amount of money that are watching compensation come down and it's less clear they're going to be able to find employment elsewhere. that is the bet that the institutions are making in terms of bringing comp down. >> maybe they don't want to maintain the franchise. >> you are a global investment banker or you're not. if you are, then you have t
. >> let's not forget we had rto not too long ago and now the bond buying and we have the imf involved and esm. i take the greatest heart from the fact that there is tremendous desire to keep euro-zone together. >> i can't see how they can retain staff here in new york, those they're not already laying off. we have people from deutsche banc coming in here and they're so pessimistic because the stock price is down, because of the scandals. and now they say they won't raise cash and...
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Sep 21, 2012
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when we come back imf adviser and former adviser to president clinton, robert shapiro will lay out his take. [ male announcer ] the freedom and spirit of malibu is an awesome place to be. introducing the all-new 2013 chevrolet malibu eco. ♪ sophisticated new styling, the fuel-saving intelligence of eassist, 37 mpg highway, and up to 580 highway miles on a single tank of gas. ♪ the all-new 2013 chevrolet malibu eco. ♪ it has everything to put you in the malibu state of mind no matter what state you live in. ♪ >>> time to talk politics. the latest maris/nbc poll shows president obama leading mitt romney in a slew of key swing states. for more we go to john harwood with details, these are pretty interesting numbers state by state, john? >> they're interesting, carl and problemity for mitt romney. let's run through the numbers, first of all in wisconsin paul ryan's home state, ten electoral votes, president obama leads by 50-45%. narrower margin than last time but he's still ahead. the state of colorado, swing state in the rocky mountain west, nine electoral votes, barack obama lea
when we come back imf adviser and former adviser to president clinton, robert shapiro will lay out his take. [ male announcer ] the freedom and spirit of malibu is an awesome place to be. introducing the all-new 2013 chevrolet malibu eco. ♪ sophisticated new styling, the fuel-saving intelligence of eassist, 37 mpg highway, and up to 580 highway miles on a single tank of gas. ♪ the all-new 2013 chevrolet malibu eco. ♪ it has everything to put you in the malibu state of mind no matter what...